September S&P E-mini Futures: Today’s range estimate is 1665-1680. So far selling pressure on the drop from
1695.50 has been light. Support is at 1665 and from there the market is likely
to rally above 1700. The ES is headed to my long standing target of 1775 and
possibly higher over the coming months.
QQQ: Upside target is 79.
TNX (ten year note yield): The upside yield target for the 10 year
is 2.85 % but I think the market will move past this level to 3.50% over the
next few months.
Euro-US Dollar: The market has put in three low points
near 1.2800 and now has been trading for several days above its 20 day moving
average. It looks like a move up to 1.400 has started
Dollar-Yen: The dollar-yen has held support at
94.50. The next upside target is 107.00.
September Crude: Crude
is stalling at 108 resistance.
August Gold: I
think a rally of $200-300 is underway.
September Silver: The 18.00 level is now support and a
rally to 24.00 or so is underway.
Google: Support is at 800 and I think the next step up will carry
GOOG to 975.
Apple: Next
downside target is 350. Resistance is at 460.
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